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M2DS

Active
Private limited companyfounded 20215 yrs activeDomaine-du-Stoqueux, Noiseux 149, 5377 Somme-Leuze, BelgiumKBO/BCE: BE 0763.348.428
Summary

M2DS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82,108 and a net result of -€1,098. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 76% of 3241 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability67▲+33
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.43 in 2024; short-term debt: 18.5% and cash: 8.7% of total assets), and 18.5% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
60 d early
2024
99 d late
2023
32 d early
2022
6 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 19 July (3 of the last 4 filed years within 48 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

M2DS was incorporated on 8 February 2021 as a Private limited company.1 Total assets fell from EUR 118,683 in 2022 to EUR 100,774 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1,098▲ 29.0%
2024 · -€1,548
Working capital
-€7,896▲ 42.0%
2024 · -€13,608
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result-€1,466--€1,717▼ 17.1%-€1,548▲ 9.9%-€1,026▲ 33.7%
Net result-€2,008below the sector's middle half--€1,821below the sector's middle half▲ 9.3%-€1,548below the sector's middle half▲ 15.0%-€1,098within the sector's middle half▲ 29.0%
Equity€11,575below the sector's middle half-€84,754below the sector's middle half▲ 632%€83,206below the sector's middle half▼ 1.8%€82,108below the sector's middle half▼ 1.3%
Total assets€118,683below the sector's middle half-€114,046below the sector's middle half▼ 3.9%€107,546below the sector's middle half▼ 5.7%€100,774below the sector's middle half▼ 6.3%
Debt€107,108-€29,293▼ 72.7%€24,340▼ 16.9%€18,666▼ 23.3%
Working capital-€100,255within the sector's middle half--€19,801within the sector's middle half▲ 80.2%-€13,608within the sector's middle half▲ 31.3%-€7,896within the sector's middle half▲ 42.0%
Solvency9.8%below the sector's middle half-74.3%within the sector's middle half▲ 64.6pp77.4%above the sector's middle half▲ 3.1pp81.5%above the sector's middle half▲ 4.1pp
Current ratio0.06below the sector's middle half-0.32below the sector's middle half▲ 0.260.43below the sector's middle half▲ 0.100.58within the sector's middle half▲ 0.15
Return on assets (ROA)-1.7%below the sector's middle half--1.6%below the sector's middle half▲ 0.1pp-1.4%below the sector's middle half▲ 0.2pp-1.1%below the sector's middle half▲ 0.3pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€3,000-€2,000-€1,000€0Operating result 2022: -€1,466-€1,466Net result 2022: -€2,008-€2,008Operating result 2023: -€1,717-€1,717Net result 2023: -€1,821-€1,821Operating result 2024: -€1,548-€1,548Net result 2024: -€1,548-€1,548Operating result 2025: -€1,026-€1,026Net result 2025: -€1,098-€1,0982022202320242025-€2,000-€1,500-€1,000-€500€0Operating result 2023: -€1,717-€1,720Net result 2023: -€1,821-€1,820Operating result 2024: -€1,548-€1,550Net result 2024: -€1,548-€1,550Operating result 2025: -€1,026-€1,030Net result 2025: -€1,098-€1,100202320242025
The operating result stays negative: a loss of €1,026 in 2025 against €1,548 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €100,774
Fixed assets €90,004 ▼ 7.6%
Current assets €10,770 ▲ 6.3%
Equity and liabilities €100,774
Equity €82,108 ▼ 1.3%
Debt €18,666 ▼ 23.3%
Debt's share of the balance-sheet total falls from 22.6% to 18.5%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€6,384▲
2024 · €5,593
Cash flow
€6,312▲
2024 · €5,593
Debt to equity
0.23▼
2024 · 0.29
ROE
-1.3%▲
2024 · -1.9%
Interest coverage
88.67
Debt ≤ 1 year
€18,666▼
2024 · €23,740
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss
2.1% went bankrupt
7.3% stopped otherwise
90% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,442 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€107,546€100,774▼
Formation expenses20-€0
Fixed assets21/28€97,414€90,004▼
Tangible fixed assets22/27€97,414€90,004▼
Land and buildings22€97,414€90,004▼
Plant, machinery and equipment23€0-
Current assets29/58€10,132€10,770▲
Amounts receivable within one year40/41€3,167€2,008▼
Trade receivables40€2,950€1,753▼
Other amounts receivable41€217€255▲
Cash at bank and in hand54/58€6,965€8,762▲
Equity and liabilities
Total equity and liabilities10/49€107,546€100,774▼
Equity10/15€83,206€82,108▼
Contributions10/11€100,000€100,000=
Capital10€100,000€100,000=
Issued capital100€100,000€100,000=
Profit (loss) carried forward14-€16,794-€17,892▼
Amounts payable17/49€24,340€18,666▼
Amounts payable within one year42/48€23,740€18,666▼
Trade debts44€146€500▲
Suppliers440/4€146€500▲
Advances received on contracts in progress46€2,584€3,135▲
Other amounts payable47/48€21,011€15,031▼
Accrued charges and deferred income492/3€600-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,140€7,410▲
Other operating charges640/8€300€1,199▲
Gross operating margin9900€5,893€7,583▲
Operating profit (loss)9901-€1,548-€1,026▲
Financial charges65/66B-€72
Recurring financial charges65-€72
Profit (loss) for the period before taxes9903-€1,548-€1,098▲
Profit (loss) for the period9904-€1,548-€1,098▲
Profit (loss) for the period to be appropriated9905-€1,548-€1,098▲
Appropriation of the result
Profit (loss) to be appropriated9906-€16,794-€17,892▼
Profit (loss) brought forward from the previous period14P-€15,246-€16,794▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,428€7,445€7,140€7,410▲ 3.8%
Other operating charges640/8-€546€300€1,199▲ 299%
Gross operating margin9900€5,961€6,274€5,893€7,583▲ 28.7%
Operating profit (loss)9901-€1,466-€1,717-€1,548-€1,026▲ 33.7%
Financial charges65/66B€43€54-€72-
Recurring financial charges65€43€54-€72-
Profit (loss) for the period before taxes9903-€1,510-€1,771-€1,548-€1,098▲ 29.0%
Income taxes67/77€498€50---
Profit (loss) for the period9904-€2,008-€1,821-€1,548-€1,098▲ 29.0%
Profit (loss) for the period to be appropriated9905-€2,008-€1,821-€1,548-€1,098▲ 29.0%
Line2022202320242025Change
Assets
Total assets20/58€118,683€114,046€107,546€100,774▼ 6.3%
Formation expenses20---€0-
Fixed assets21/28€111,830€104,554€97,414€90,004▼ 7.6%
Intangible fixed assets21-€0---
Tangible fixed assets22/27€111,830€104,554€97,414€90,004▼ 7.6%
Land and buildings22€111,525€104,554€97,414€90,004▼ 7.6%
Plant, machinery and equipment23€304€0€0--
Financial fixed assets28-€0---
Current assets29/58€6,853€9,492€10,132€10,770▲ 6.3%
Amounts receivable within one year40/41€4,540€3,507€3,167€2,008▼ 36.6%
Trade receivables40-€1,750€2,950€1,753▼ 40.6%
Other amounts receivable41€4,540€1,757€217€255▲ 17.4%
Cash at bank and in hand54/58€2,054€5,726€6,965€8,762▲ 25.8%
Deferred charges and accrued income490/1€259€259---
Equity and liabilities
Total equity and liabilities10/49€118,683€114,046€107,546€100,774▼ 6.3%
Equity10/15€11,575€84,754€83,206€82,108▼ 1.3%
Contributions10/11€25,000€100,000€100,000€100,000=
Capital10€25,000€100,000€100,000€100,000=
Issued capital100€100,000€100,000€100,000€100,000=
Uncalled capital101€75,000----
Profit (loss) carried forward14-€13,426-€15,246-€16,794-€17,892▼ 6.5%
Amounts payable17/49€107,108€29,293€24,340€18,666▼ 23.3%
Amounts payable within one year42/48€107,108€29,293€23,740€18,666▼ 21.4%
Trade debts44€522€1,582€146€500▲ 242%
Suppliers440/4€522€1,582€146€500▲ 242%
Advances received on contracts in progress46€1,500€2,700€2,584€3,135▲ 21.3%
Other amounts payable47/48€105,086€25,011€21,011€15,031▼ 28.5%
Accrued charges and deferred income492/3--€600--
Line2022202320242025Change
Profit (loss) for the period9904-€2,008-€1,821-€1,548-€1,098▲ 29.0%
+ Depreciation and write-downs630€7,428€7,445€7,140€7,410▲ 3.8%
Operating cash flow (approximation)€5,420€5,624€5,593€6,312▲ 12.9%
Investment in fixed assets (approximation)--€169€0€0-
Change in cash-€3,672€1,239€1,797▲ 45.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
07-11
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 99 days late
2024
29-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
06-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 6 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Somme-Leuze · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
3,312 m²
Building footprint
152 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
M2DS
Agents in the wholesale of timber and building materials
since 20212.317.320.793
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
91101A0080/00D000 Wallonia 3,045 m² 1 · 88 m² -
92124A0351/00M000
ProtectedSite or landscape
Wallonia 267 m² 1 · 64 m² -
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 40,209 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded08-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
47521Retail sale of hardware, building materials, paint and glass (general range)
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail m2ds.srl@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:0763348428
Registered 22-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.